Official receiver invites bids for Szczecin Shipyard's property

The official receiver of the bankrupt Szczecin Shipyard (SS) has announced a tender on the sale of the company's property for zł. 111.775 million. The New Szczecin Shipyard (NSS), which is currently sustaining the production of ships by leasing some of the machinery and equipment from the receiver, believes that the price is too high. The announcement will be published in the press on Friday, but has already appeared on the company's website. The receiver is offering only the machinery and equipment as SS has never formally owned any real estate. The whole area belongs to Porta Holding, the parent company, which went bankrupt in July 2002. All offers for the bid will be accepted until mid-April, and will be examined on April 24. A condition to enter the bid is an auction deposit guarantee of zł. 1 million. At the end of 2001 the share capital of the yard amounted to zł. 240 million. (Rzeczpospolita, p. B4) A.K.